ThaiCapitalist research
ADVANC: momentum into Jan may drive follow-through inflows; drivers include stronger mobile subscriber growth, improved FBB ARPU, cost efficiencies, and expected higher cash distributions from major shareholders. Comment: This sector is simple – it hasn’t changed – duopoly, minimal revenue growth, no more fighting, cost cutting margins up and massive divvy’s paying out. BA launching […]
Read More →Notable Transactions Buy(s) THB 40 mn Sell(s) THB 40 mn
Read More →Politics aside – the news hitting the market is in the hospital sector with AIA officially stopping to sell lump-sum health insurance policies and they have some 25% of the market. Meh IMO, though if people are going to finally look at the rubbish private Thai hospitals are adding to the bills…perhaps it will hurt […]
Read More →BGRIM is ready to bid for 1,500MW of upcoming community solar auctions and will outline its 2026–2028 strategy in January. Comment: It’s still ridiculous that Thailand is going down this route…get LNG & coal going… DELTA: Shares fell 12.9% after a 45.8m-share placement at Bt171 via UBS. NVDR outflows reached -Bt4.8b YTD, highest on SET. The […]
Read More →KTB: The bank is preparing for a weaker outlook after assessing a slowdown in loan growth, in line with Thailand’s projected 2026 GDP growth of 1.5–1.8%. Management is also exploring new S-curve businesses, including an asset management company (AMC), to diversify revenue amid global and domestic risks. Comment: The loan growth slowdown is b/c the banks […]
Read More →AMATA – Industrial Estates: Amata received approval from the Vietnamese government to develop its 5th industrial estate in Phu Tho (476 ha, phased 2029–2033), targeting electronics and tech companies. Existing operations include Amata City Bien Hoa, Ha Long, Long Thanh, and Quang Tri Industrial Park under construction. Comment: Yawnz, zzzz, this group can’t manage anything outside […]
Read More →Hello World – ohhh look new charts below We’re in political season again….another election…spending isn’t going to move the needle. And Anutin, may only win a few % of the popular vote, but will be PM and then watch cronyism explode and find the next SKY that will profit from a political relationship.
Read More →Notable Transactions Buy(s) THB 264 mn Sell(s) THB 29 mn
Read More →TAX: Thailand’s Finance Ministry is preparing a tax structure reform plan to propose to the new government to build fiscal strength. The proposal includes a phased increase of the Value-Added Tax (VAT) from the current 7% to 8.5%. A longer-term goal within the plan is to further raise the VAT to 10% by the year […]
Read More →ADVANC: Reported data usage surged 226% y/y during Dec 31–Jan 1, 2026, driven by spikes in mobile usage, live streaming, and broadband demand. AOT: LOT Polish Airlines to resume Warsaw–Bangkok route with five weekly flights from Oct 26, 2026. Separately, SCOOT adds five weekly Singapore–Chiang Rai flights from Jan 1, 2026. DUSIT: Group CEO Chanin Donavanik acquired 1.2m […]
Read More →